“The industrial valve market is expected to grow at a significant rate from 2018 and 2023.”

The industrial valve market is expected to grow from USD 70.53 billion in 2018 to USD 85.19 billion by 2023, at a CAGR of 3.96% from 2018 and 2023. Key factors driving the growth of the industrial valve market include the increased need for industrial valves from oil and gas production-related facilities in GCC countries, elevated energy demand in APAC, smart city development initiative across the world, high demand for predictive maintenance techniques from manufacturing industries, and stringent environmental and safety regulations to make the energy sector more resilient. Strategies such as product launches and developments, mergers and acquisitions, expansions, agreements, collaborations, joint ventures, and partnerships adopted by market players are fueling the growth of the industrial valve market. However, the lack of standardization and certifications and government policies, a slowdown in oil and gas extraction, and downtime due to repair and maintenance are restraining the growth of the industrial valve market.

“Industrial valves with sizes ranging from 1” to 6” are expected to account for the largest size from 2018 and 2023.”

The market for industrial valves having sizes ranging from 1” to 6” is expected to grow at the highest CAGR during the forecast period. This growth is attributed to the increasing demand for transportation and power-based applications; as a result, there is an increase in the use of 1– 6” valves in the oil & gas, energy & power, water & wastewater treatment, chemicals, and other industries.

“APAC is expected to be the fastest-growing market for industrial valves from 2018 to 2023.”

The industrial valve market in Asia Pacific (APAC) accounted for the largest share of the overall market in 2017 is expected to grow at the highest CAGR during the forecast period. Major factors driving the growth of the industrial valve market in APAC include the increasing population and rising focus of emerging economies on investing in industries such as energy & power, oil & gas, water & wastewater treatment, chemicals, and construction in which industrial valves are used.

The break-up of the profiles of primary participants for the report has been given below.

The industrial valve market, in this report, has been segmented by material, valve type, valve size, industry, and geography. The market based on material has been segmented into steel, iron, cryogenic, alloys and others (brass, bronze, and plastic).By valve type, the industrial valve market has been classified into ball valves, butterfly valves, check valves, diaphragm valves, gate valves, globe valves, and safety valves. The industrial valve market, by valve size, has been further segmented into up to 1”, 1” to 6”, 6” to 25”, 25” to 50” and 50” and larger. The industrial valve market based on industries has been segmented into oil & gas, energy & power, water and wastewater treatment, food & beverages, chemicals, pharmaceuticals, metals & mining, pulp & paper, agriculture, and others (textiles, glass, and semiconductor manufacturing).

Key Benefits of Buying the Report:

Illustrative segmentation, analysis, and forecast for the market, by material, valve type, valve size, industry, and geography have been provided to give the overall view of the industrial valve market.

The value chain analysis pertaining to the industrial valve ecosystem has been included to provide an in-depth insight into the industrial valve market.

Major drivers, restraints, opportunities, and challenges for the industrial valve market have been provided in the research report.

The report includes a detailed competitive landscape and revenues of key players.

5 Market Overview5.1 Introduction5.2 Market Dynamics5.2.1 Drivers5.2.1.1 Increased Need for Industrial Valves From Oil and Gas Production-Related Facilities in GCC Countries5.2.1.2 Elevated Energy Demand in APAC5.2.1.3 Smart City Development Initiative Across the World5.2.1.4 High Demand for Predictive Maintenance Techniques From Manufacturing Industries5.2.1.5 Stringent Environmental and Safety Regulations to Make Energy Sector More Resilient5.2.2 Restraints5.2.2.1 Lack of Standardized Certifications and Government Policies5.2.2.2 Slowdown in Oil and Gas Extraction5.2.2.3 Downtime Due to Repair and Maintenance5.2.3 Opportunities5.2.3.1 Integration of Iiot Technology in Industrial Valves5.2.3.2 Use of 3d Printing in Manufacturing Sector5.2.3.3 Constant Need for Valve Replacement5.2.3.4 Increase in Number of Refineries and Petrochemical Plants5.2.3.5 Rise in the Discovery of Global Offshore Oil Reserves5.2.4 Challenges5.2.4.1 Minimization of Lead Times5.2.4.2 High Cost of Fabrication5.2.4.3 Existence of Manufacturers Providing Low-Priced Valves5.2.4.4 Duplication of Technology

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Plug valve is a quarter-turn on-off valve. The plug itself is often shaped like an upside-down ice cream cone or a cylinder. A handle on top allows the user to turn the plug valve so it rotates and stops or starts the flow of liquid. A minimum of two holes, known as ports, must exist in the plug for liquid to flow. The ports are located on opposite sides of the plug, and when the plug is turned to the open position it creates a passage for the liquid to flow through.
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Summary
The Industrial Valves and Actuators report provides an independent information about the Industrial Valves and Actuators industry supported by extensive research on factors such as industry segments size & trends, inhibitors, dynamics, drivers, opportunities & challenges, environment & policy, cost overview, porter's five force analysis, and key companies profiles including business overview and recent development.
The report would be based on industry data ......

A balancing valve is a measurement and regulation device. Balancing valves are used in pressurized piping applications, such as HVAC and gas movement applications.
The main purpose of a balancing valve is generally to create a consistent output pressure to a system from an inconsistent input pressure from a different system.
Global balancing valves industry is not vary concentrated. Many manufacturers compete in the market; the leading manufactures are IMI Hydronic, Danfoss, Frese ......

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